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really made sense. another, since california's economy continues to struggle, i do not believe it is appropriate for me to accept a pay raise. per diem pay will also go up from $142 a day to $163. still $10 less than before the recent cuts. hill says it's needed with the high cost of living in california. >> we don't want it just to be those of the wealthy. we want to make sure that everyone can participate and still live in their communities. >> reporter: even before this raise, california lawmakers were the highest paid in the nation. but they don't receive pensions. and many other state legislatures only meet on a part-time basis. in the newsroom, anne makovec, kpix 5. >>> it's a good day to look for deals online. cyber monday is under way, the busiest online sales day of the year for retailers. sales are expected to hit a record $2 billion, that's about $500 million more than last year. businesses are hoping for a big online shopping day after a somewhat disappointing weekend. according to the national retail federation, 141 million people went shopping over the long weeken
on the economy. adp says it was a gain of 215,000 jobs in november. that was about 30,000 more than what was expected. adp also hiked its october number considerably higher. that bodes well for the jobs report that comes out on friday. if we see a conversation that we saw in october that could finally push the reserve into tapering its monthly bond purchases. it meets later this month. that's the been speculation that's been going on for months now. looking for better signs in the economy we are starting to see that happen. that's leading to selling on wall street. couple of companies that did well yesterday despite some selling were apple and tesla. tesla shares shot higher by 16% after german regulators cleared any manufacturing defects from those model s fires and apple shares went up about 2.5% on reports it's struck a deal with china mobile the biggest wireless carrier in china. the numbers are pulling back today. let's look at the big board. right now the dow is lower by 43 points. nasdaq is down by about 8. s&p falling by 6. and tesla shares are down 3%. apple down by .5%. back to
to stimulate the economy. the new york times reports an announcement to cut the program could come next week. officials expect the nations economy to improve in the new year. that could put a stop to the big games on wall street over the past couple of months. the stocks were flying high friday after the announcement of a stronger than expected jobs report. the dow finished 198 points higher, the nasdac rose 29. and interesting information about the new rich in our country. a survey shows 21% of u.s. adults become rich for part of hair lives, earning a household income of a quarter million dollars or more at some point. those in the group made up of older professionals, working married couples, and educated singles usually make at least six figures a year during other periods which is in the top 20% of earners. frank and michelle? >> okay, wendy. well the world will have a new biggest airline today, right? >> it's going to be in the u.s.. american airlines will merge with u.s. airways when their deal goes through later today. the government had tried to block the merger. the deal will lift a
on big items like cars or art, when it comes to the fluctuating economy of california, you never know when a simple cyber monday purchase could haunt you. >> there have been moments when they needed every dime they could get. >> reporter: julie watts, kpix 5. >> earlier this year, the u.s. senate passed the marketplace fairness act. it would require retailers with over a million dollars in sales to collect state tax but the bill is stalled in congress. >>> coming up at 5:19, how low will they go? a look at whether gas prices are still dropping now that thanksgiving is over. >>> and i'm dennis o'donnell. coming up, the 49ers look to gain some ground in the nfc west and the a's add some pitching to the roster in a big, bi shake-up. we'll tell you who is coming and going. >> what's cool about your school? email your nomination to us at we may come and feature your school on the show. ,,,,,,,,,,,, >>> cold front sliding into the bay area. a major change in the weather coming our way. get ready for freezing temperatures. we'll talk about that coming up. >> and it's a
sign of a recovering economy. thanks, wendy gillette of >>> 5:40. hot for the holidays this year, fitness trackers and one special function gives you a boost to burn more calories. >> beer drinkers versus wine drinkers. when it comes down to it, who is the smartest? >> and still ahead, think twice before you complain to your airline. how your quibbles could cost you your frequent flyer status. ,, ,,,, ,,,,,,,, [ male announcer ] some things are simply better at home. like the enticing aroma and distinctive taste of nespresso. elegant capsules meet masterfully crafted machines, and one touch creates the perfect coffee, cappuccino, and latte. ♪ tempt all your senses with one extraordinary coffee. [ penélope cruz ] nespresso. what else? [ male announcer ] discover the world of nespresso on grant avenue and number of retailers are offg customers a wa >>> the holiday shopping season is now in full swing. and a growing number of retailers is offering customers a way to buy big ticket items that's generating some controversy. kpix 5's juli
changes. >> this city and the economy seem to be blooming for people who have access to greater education and more experience in high-tech industry and but not necessarily people who are in our neighborhoods. >> with high-rises leading to higher rents there will be a demand for affordable housing for people who feel their being squeezed out. >>> time now 6:41. the 9ers only have two more scheduled games at candlestick. wait until you hear what it will cost to say good-bye. >> how about the market opened up about 10 minutes ago on this thursday? take a quick peek at the early numbers on wall street. everything is down. we'll have more with kcbs radio's financial reporter jason brooks. coming up. [s[man] no one told her,right?a. [son]hi! [mom screams] cold when an apartment buil caught fire in san leandro. at >>> we're following some breaking news now. dozens of children were left out in the freezing cold when an apartment building caught fire in san leandro. this is a live look at chateau bleu apartments on bancroft. it started at 4:30 this morning. about 50 people including the children e
there is further strength building in the labor market. that's good news overall for the economy. could push the fed towards tapering its bond issues sooner than some people may like but this is good news all the way around. let's look at the market. it is reacting in a positive fashion today. the dow is up 127 points. nasdaq is gaining 27. s&p up by 14. >>> brooks, we thank you. have a great weekend. >>> he practiced. >> i wrote it down. 6:45. let's check the roads. >> reporter: in a quick note we have police activity in san jose around almaden and san carlos. streets are blocked in the area. we are trying to figure out what's going on. heads up if you are traveling in the area. let's go outside. here's a live look over at the bay bridge toll plaza. the metering lights were turned on later than typical. so a lot of folks may be taking today off. you will notice if you look closely some flashing lights around the middle of the screen, there is a multicar accident. it sounds like a smaller fender- bender minor injuries. but it is in agore point. traffic is so light no major delays only backed
be in for a very strong open here on wall street because the economy added a better-than-expected 203,000 jobs last month. wall street was expecting 180,000. the unemployment rate fell to 7% from 7.3%. that is better than expected. and that report may convince the fed to finally scale back its stimulus program. not necessarily something wall street wants to see happen. nevertheless, stock futures are reacting. they are pointing to a higher open. yesterday the dow fell for the fifth straight day down 68 points and the nasdaq slipped 4. los angeles is suing wells fargo and citigroup for mortgage discrimination. l.a.'s attorney general claims the bank's practices led to a wave of foreclosures in black and hispanic neighborhoods driving down property values and costing the city hundreds of millions in tax dollars. it's also more expensive to finance a home this week. according to freddie mac, the average rate on a 30-year fixed loan jumped to 4.46% from 4.29% last week. the rate on a 15-year loan increased to 3.47%. well, brace yourself because milk prices could double next year to $7 a gallon. that's
Search Results 0 to 7 of about 8